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Wall Street moves higher; Fed policy meeting on the horizon

Updated : June 17, 2019 09:47 PM IST

The central bank is expected to leave borrowing costs unchanged at its two-day policy meeting starting Tuesday, but market expectations are for a rate cut as early as July.
The S&P 500 index has risen 5% so far this month on hopes of a rate cut in the face of weaker economic data and heightening global trade tensions, but that rally petered out in the past week.
Wall Street moves higher; Fed policy meeting on the horizon

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